5 Digit Forex Brokers
Compare Forex brokers with 5 decimal pricing. Get 5th point precision and smarter pricing with the following NDD/STP Forex brokers.
What is 5 decimal pricing?
With 5 decimal pricing, also known as 5 digit or fractional pricing, brokers quote Forex spreads in tenths of a pip. The additional digit representing a tenth of a pip appears to the right of the quote.
|Price before fractional pricing||Price after fractional pricing||1.2510 / 1.2513||1.2510 2 / 1.2512 5|
How it can work for you
With fractional pricing, you'll get consistently tighter bid / ask spreads. For example, if you were you quoted a buy price of 1.2513, you could see 1.25125 instead (0.5 pips tighter). If you were quoted a sell price of 1.2510, you could now see 1.25102 instead (2 pips higher).
|When the price is...||The spread is...||1.2510 / 1.2513||3 pips|
|When the price is...||The spread is...||1.2510 2 / 1.2512 5||2.3 pips|
Tighter spreads make it easier for you to turn a profit from liquid currency pairs with small pricing changes. They can also facilitate scalping strategies where you look to profit from small incremental movements in prices.
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Trade Forex as well as CFDs on cryptocurrencies, shares, indices, metals and more on ... MoreTrade Forex as well as CFDs on cryptocurrencies, shares, indices, metals and more on fixed or floating spreads on MetaTrader 4. This account, designed for Muslim clients, does not incur swap or rollover charges for holding positions overnight. Terms and conditions apply.